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    Marketing and distribution company Metcash Limited (ASX:MTS) has cut its full year earnings guidance after reporting a first half profit fall. 




    The grocery wholesaler’s first half net profit dropped 13 per cent to $82 million while revenue rose 3.5 per cent to $6.3 billion. 




    CEO Andrew Reitzer says Metcash’s result was impacted by more than expected closures of its Franklins stores. 




    As a result the company has cut its full year underlying earnings per share guidance to between -2 per cent and -6 per cent. 




    A fully franked interim dividend of 11.5 cents per share has been declared. 

 
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